Most of the world’s population could be running on a Chinese tech stack in five to 10 years, one analyst told CNBC’s “Squawk Box Europe” earlier this week. The U.S.′ “perceived monopoly” on tech and AI has been broken by China, said Rory Green, TS Lombard’s chief China economist, adding that the country’s rapid advancement is threatening to shake up American dominance in the market. Green’s comments come as China races against the U.S. to develop artificial general intelligence (AGI) — where AI matches human capabilities — and roll out the technology across society. Big moves are being made to scale homegrown makers of AI chips to rival Nvidia and local AI companies are making waves on stock exchanges. But could China really win the AI race?

Full report : China’s focus on compute-efficient model development and open-source could be an advantage as it looks to deploy homegrown AI.